CID Continues Expansion of Metal Roofing Buy-And-Build Platform

Indianapolis-based investment firm continues its track record of strategically enhancing private, lower middle market companies pursuing sustained, profitable growth.

February 8, 2024: Georgia Metals, a leading value-added distributor of metal roofing and paneling products, and a current portfolio company of Indianapolis-based private equity firm CID Capital (“CID”), announced that it has continued its Midsouth expansion with the acquisition of Watson Metals.

Watson Metals expands the Georgia Metals platform into the state of Tennessee through its locations in Manchester and Bon Aqua and adds a third location in the state of Kentucky through its Auburn location. Watson was the fourth acquisition by Georgia Metals since partnering with CID in August of 2022, having previously acquired Mansea Metal, with locations in Winchester, KY, Walton, KY, Mt. Zion, IL and Dayton OH, Upstate Metals in Anderson, SC, and Neal Strickland Roofing / Deep South Metals in East Palatka, FL.

“We are excited about this acquisition as we continue to expand our geographic footprint," said Georgia Metals Founder & CEO Tripp Strickland. "The acquisition of Watson Metals is particularly strategic as Tennessee has been a target geography for us. Through our partnership with CID, we have grown from one state of operations to seven. We are proud of what we have accomplished, excited for what is ahead, and look forward to the continued growth of the Watson operation as part of the Georgia Metals platform.”

About Georgia Metals

Headquartered in Danielsville, GA, Georgia Metals is a leading value-added distributor of high-quality metal panels used in roofing and other metal building applications. The Company also has locations in Florida, Illinois, Kentucky, Ohio, Tennessee and South Carolina.

About Watson Metals

Founded in 1998, Watson Metals provides high-quality metal roofing and siding panels, metal buildings, pole barns, and trusses to residential, commercial, agricultural, and equestrian customers from its three locations in Tennessee and Kentucky.

About CID Capital

CID Capital is a long-standing private equity group that makes control investments in high-quality, lower-middle market companies that have shown a track record of success. For companies that have reached a performance level that finds them transitioning beyond being an entrepreneurial business, CID delivers the planning, experience, resources, and capital to overcome critical constraints and build long-term value. 

This message does not constitute tax or legal advice or an offer or solicitation with respect to the purchase or sale of any security in any jurisdiction in which such offer or solicitation is not authorized or to any person to whom it would be unlawful to make such offer or solicitation. Past performance does not guarantee future returns. None of the persons mentioned in the announcement were compensated for their remarks. Any offer to sell or purchase interest in the funds will be made solely pursuant to a PPM